Connecting Borrowers With Private Lenders
Investment property owners who have tapped out traditional banks and mortgage lenders may be able to turn to alternate lenders. Prosper.com is a site that connects borrowers with private lenders. You post a "loan listing" which includes some of your personal financial information (you decide how much personal information to reveal) and what you're trying to do online and various lenders will bid for the right to do business with you. You can borrow up to $25,000.